184
184
Nov 17, 2012
11/12
by
CNBC
tv
eye 184
favorite 0
quote 0
jimmy p., i love this new washington picture. and i don't want to be pessimistic. i want to be optimistic. maybe they can make a deal. but here's what i worry about, jimmy. here's what i fear. the republicans are conceding that they'll give a revenue -- a tax revenue portion by limiting deductions. but i don't see any spending cuts. the sequester has been called off. mr. boehner would like a down payment on entitlements. i don't see that happening. to me remember it used to be 3-1 or 4-1 spending cuts to revenue increases. right now it looks to me like it's 10-1. 10-0. $10 of revenue hikes and no spending cuts, jimmy pethokoukis. >> i think what we're going to get at the end of the day, you're going to get a lot of tax increases, and then you're going to get a lot of promises about caps and mechanisms. be careful of the word "process." there's going to be a process in place for looking at further spending cuts. or entitlement reform. but that's all going to be like tomorrow, the day after tomorrow, the 12th of never. what we're going to get right away are tax incre
jimmy p., i love this new washington picture. and i don't want to be pessimistic. i want to be optimistic. maybe they can make a deal. but here's what i worry about, jimmy. here's what i fear. the republicans are conceding that they'll give a revenue -- a tax revenue portion by limiting deductions. but i don't see any spending cuts. the sequester has been called off. mr. boehner would like a down payment on entitlements. i don't see that happening. to me remember it used to be 3-1 or 4-1...
147
147
Nov 20, 2012
11/12
by
CNBC
tv
eye 147
favorite 0
quote 0
they are comparing hamas to george washington. they were calling israel terrorists. this does not look like a government that is ready. >> that is the whole bloody problem. you just nailed it. thanks for helping us out. >> good to be with you. >> big business versus big labor. a black friday worker walkout, the nation's largest retailer is fighting back. but can customers expect business as usual at walmart on friday? i don't spend money on gasoline. i am probably going to the gas station about once a month. last time i was at a gas station was about...i would say... two months ago. i very rarely put gas in my chevy volt. i go to the gas station such a small amount that i forget how to put gas in my car. [ male announcer ] and it's not just these owners giving the volt high praise. volt received the j.d. power and associates appeal award two years in a row. ♪ with the spark cash card from capital one, sven gets great rewards for his small business! how does this thing work? oh, i like it! [ garth ] sven's small business earns 2% cash back on every purchase, every d
they are comparing hamas to george washington. they were calling israel terrorists. this does not look like a government that is ready. >> that is the whole bloody problem. you just nailed it. thanks for helping us out. >> good to be with you. >> big business versus big labor. a black friday worker walkout, the nation's largest retailer is fighting back. but can customers expect business as usual at walmart on friday? i don't spend money on gasoline. i am probably going to the...
185
185
Nov 14, 2012
11/12
by
CNBC
tv
eye 185
favorite 0
quote 0
they were unique in washington and we can't carry the ball. >> in a nutshell, how does the economy look to you? our job growth is running above 3%. we have other sections of the country not running so well. it is just a number and the second half of this year? but that is not enough to create the jobs that will put the american people back to work. that will not happen until the politicians get their act together. >> i must say, sir, i couldn't agree more. i think you are debt right. >> thank you. >> the idea solving the fiscal cliff crisis with tax deductions may raise revenue from the wealthy. the full story on that coming up next. well, if it isn't mr. margin. mr. margin? don't be modest, bob. you found a better way to pack a bowling ball. that was ups. and who called ups? you did, bob. i just asked a question. it takes a long time to pack a bowling ball. the last guy pitched more ball packers. but you... you consulted ups. you found a better way. that's logistics. that's margin. find out what else ups knows. i'll do that. you're on a roll. that's funny. i wasn't being funny, bob. i
they were unique in washington and we can't carry the ball. >> in a nutshell, how does the economy look to you? our job growth is running above 3%. we have other sections of the country not running so well. it is just a number and the second half of this year? but that is not enough to create the jobs that will put the american people back to work. that will not happen until the politicians get their act together. >> i must say, sir, i couldn't agree more. i think you are debt...
161
161
Oct 26, 2012
10/12
by
CNBC
tv
eye 161
favorite 0
quote 0
my own take is that washington is giving us a binary choice. either to embrace 1 trillion deficits going back four years and trillion deficits every year until we have a bond crisis and market crisis or go over the fiscal cliff. we have to do something. >> would you go over the cliff? alan greenspan would go over the cliff. alan greenspan said let the tax revenues go up. >> if washington is giving us a binary choice, trillion deficits or to have tax increase and spending reductions i would go over the fiscal cliff. >> larry i want to be more optimistic. michael let out a nice scenario. if we get growth next year, some pro growth policies put in place in the animal spirits of the specter come back it will come down. most of the deterioration has been due to lack of revenue growth. >> can i ask you a question, joe. where is the growth going to come from? come from the federal reserve? >> no. >> the growth will come from consumer spending where there's tremendous pent up demand, continued growth in housing and business. capital stock, the capital
my own take is that washington is giving us a binary choice. either to embrace 1 trillion deficits going back four years and trillion deficits every year until we have a bond crisis and market crisis or go over the fiscal cliff. we have to do something. >> would you go over the cliff? alan greenspan would go over the cliff. alan greenspan said let the tax revenues go up. >> if washington is giving us a binary choice, trillion deficits or to have tax increase and spending reductions...
143
143
Nov 10, 2012
11/12
by
CNBC
tv
eye 143
favorite 0
quote 0
point them at washington. good evening, everyone, this is "the kudlow report." >> the president urged both sides of the aisle to get america's fiscal house before we fall off the cliff 52 days from now. what if they're arguing about the difference between tax loopholes and marginal tax rates. that's the debate. >> you mark my words. there's no way that the entire tax hike would be allowed to take place. no way. in terms of investment strategy, it is ridiculous that we'll be facing this. why all of the bickering when it equates to just one quarter of 1% of gdp. all right, supply side art mentor will join us to discuss. >>> also tonight, a shocker, david petraeus quits in disgrace or was he forced out just days before he was to testify in front of congress over the benghazi embassy terror attack. will we ever get the real answers? was the threat of blackmail behind this? >> we begin this evening with the president pushing congress to come together right now and solve the fiscal cliff mess. let's give peace a cha
point them at washington. good evening, everyone, this is "the kudlow report." >> the president urged both sides of the aisle to get america's fiscal house before we fall off the cliff 52 days from now. what if they're arguing about the difference between tax loopholes and marginal tax rates. that's the debate. >> you mark my words. there's no way that the entire tax hike would be allowed to take place. no way. in terms of investment strategy, it is ridiculous that we'll...
172
172
Dec 8, 2012
12/12
by
CNBC
tv
eye 172
favorite 0
quote 0
do you think the city of washington is going to implode? do you think federal government is not going to be able to do its job anymore? i don't believe any of that for one nano second. >> i think that's a no, no and no if i recall correctly what the questions were. the sun is still going to come up. right now i think the first place to start cutting, i would eliminate the jobs of the people that say there's no place to cut. if they can't find a place to cut get rid of them. >> this is the old washington monument syndrome. you know this. when i worked down there, anytime there's a little bit of cuts someplace people start saying we're going to have to close down the washington monument. we're going to have to close down the national parks. we'll never have another tour nift washington, d.c. it's all lot of crap, ernie. all this is would be a small reduction in the growth of the federal workforce. and god knows we could use that. >> i know up wouldn't it be wonderful if we could actually bring that down to a freeze or even a 1% actual cut? no
do you think the city of washington is going to implode? do you think federal government is not going to be able to do its job anymore? i don't believe any of that for one nano second. >> i think that's a no, no and no if i recall correctly what the questions were. the sun is still going to come up. right now i think the first place to start cutting, i would eliminate the jobs of the people that say there's no place to cut. if they can't find a place to cut get rid of them. >> this...
694
694
Nov 13, 2012
11/12
by
CNBC
tv
eye 694
favorite 0
quote 0
if washington avoids the fiscal cliff, if, it sure looks like this could be a big-time buy opportunity. think about it. we are about to ask the money manager if he is thinking the same thing. later, president obama's going to make a public campaign to build support for his fiscal plan but what are those plans exactly? what is this public campaign? what's going on inside of his head. and don't forget, folks, i know sometimes it is discouraging. free market capital its silver medal the best path to prosperity ask i believe that it will prevail. just ask those oil drillers in north dakota. they have it right. "the kudlow report" is coming right back. >> going off the skifiscal christmas eve would be a disaster. >> time to rise above partisan politics. the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need i
if washington avoids the fiscal cliff, if, it sure looks like this could be a big-time buy opportunity. think about it. we are about to ask the money manager if he is thinking the same thing. later, president obama's going to make a public campaign to build support for his fiscal plan but what are those plans exactly? what is this public campaign? what's going on inside of his head. and don't forget, folks, i know sometimes it is discouraging. free market capital its silver medal the best path...
188
188
Nov 16, 2012
11/12
by
CNBC
tv
eye 188
favorite 0
quote 0
and he said the same to his republican representatives in washington. he said that he'll back each of us, regardless of party, as long as we work together to make life better for all of us. and he made it clear that if we don't make enough progress, he'll be back in touch. >> so here now from nashville is steve wise. he's the author of that letter and he's the president and ceo of identified, inc. steve, welcome. congratulations. i want to ask you briefly. in the first term, president obama on the stimulus package and on obama care, there was no compromise. there was no reaching across the aisle. do you believe, sir, that in the second term president obama will change and will find common ground with republicans? >> well, larry, i'm an optimist. i believe that you need to give people a chance, you need to tell them you support them and then you need to hold them accountable. that's why i felt that i needed to send that message off to the president and to my representatives, really telling them that time is now. we can't wait any longer. we've got to do
and he said the same to his republican representatives in washington. he said that he'll back each of us, regardless of party, as long as we work together to make life better for all of us. and he made it clear that if we don't make enough progress, he'll be back in touch. >> so here now from nashville is steve wise. he's the author of that letter and he's the president and ceo of identified, inc. steve, welcome. congratulations. i want to ask you briefly. in the first term, president...
195
195
Nov 22, 2012
11/12
by
CNBC
tv
eye 195
favorite 0
quote 0
this is a serious question that i'm hearing from washington all the time. so let's talk. we have cnbc contributor jack bernstein, former chief economist, and art laffer, former reagan adviser. i'm not attacking obama or anything. i'm just saying there is a lot of talk of stalemate. well perhaps go through where, why and how. staffs have been meeting unsuccessfully. some people are saying, art, that the scenario is going to be that president finally throws up his hands and says there is no deal, we're going to have a stalemate and we will tall off the fiscal cliff into recession and then he will blame the republicans. what's your take? >> i think he's going to blame the republicans, larry, for sure. and i think in the republican's interest to delay it as long as possible and make the republicans look as uncooperative as possible. but we will fall off the cliff anyway, larry. and i think we will have a very bad year in 2013, even if they do extend all of the tax cuts. i think we have a real bad scenario coming forward. >> jared bernstein, what do you think that the presiden
this is a serious question that i'm hearing from washington all the time. so let's talk. we have cnbc contributor jack bernstein, former chief economist, and art laffer, former reagan adviser. i'm not attacking obama or anything. i'm just saying there is a lot of talk of stalemate. well perhaps go through where, why and how. staffs have been meeting unsuccessfully. some people are saying, art, that the scenario is going to be that president finally throws up his hands and says there is no deal,...
134
134
Nov 15, 2012
11/12
by
CNBC
tv
eye 134
favorite 0
quote 0
question that the stock market would actually do that and really concentrate the mind of these dopes in washington. >> wasn't it bob ruben who said during the clinton years -- or james carville -- the same thing. look what happened, clinton cut the rate and you had a huge rally in stocks and bonds. the stork market may do the same thing here. >> if you want to root for a bullish stock market, maybe in the short term, let's get a deal going and then do tax reform and entitlement reform. meantime, i think stocks are warping these guys you're going to put us on the precipice of a recession, and that's bad for earnings and stocks. >> the fed has done the same thing. they've come out in recent weeks and said instead of just buying $45 billion of bonds every month, we may have to double that and extend it out further. >> richard fisher of the dallas fed told me last night they don't do that. actually, that's not fair. he said in his opinion they shouldn't do that. we don't know, you might right. mike of "forbes," thank you very much. >>> this is truly the video of the day. the israelis get their man. th
question that the stock market would actually do that and really concentrate the mind of these dopes in washington. >> wasn't it bob ruben who said during the clinton years -- or james carville -- the same thing. look what happened, clinton cut the rate and you had a huge rally in stocks and bonds. the stork market may do the same thing here. >> if you want to root for a bullish stock market, maybe in the short term, let's get a deal going and then do tax reform and entitlement...
149
149
Sep 12, 2012
09/12
by
CNBC
tv
eye 149
favorite 0
quote 0
in a great freemarket system like ours unless, of course, you have terrible policies coming out of washington which seems to be the reason for some of these startling facts and figures. let's go right up here. median household income, adjusted for inflation is heading lower and lower and lower. this is one of the worst patches and what i want to say here is this started during the recession and continues during the recovery. in fact, this measure has dropped 4.5% during the recovery which is more than a drop 2.5% during the recession. so that is not a good thing. this, by the way, is a very good political leading indicator. now, a margin in poverty, a very bad number. 46.2 million. a very bad number for a great country like ours and let me show you the picture. you can see the tremendous rise. look how stable which was throughout the 2000s and then here we go, maybe it's leveling off at about 46, 47 million, but i hope it is because it was 36 million not so long ago. all right. finally, americans on food stamps. you may have seen this one before, 46.5 million people on food stamps. this is an
in a great freemarket system like ours unless, of course, you have terrible policies coming out of washington which seems to be the reason for some of these startling facts and figures. let's go right up here. median household income, adjusted for inflation is heading lower and lower and lower. this is one of the worst patches and what i want to say here is this started during the recession and continues during the recovery. in fact, this measure has dropped 4.5% during the recovery which is...
175
175
Sep 13, 2012
09/12
by
CNBC
tv
eye 175
favorite 0
quote 0
they can see the divide between washington and jerusalem and they're taking advantage of it. that's what the demonstrations will be over these next 24 hours after friday prayers. with regard iran and syria, everything that distracts the focus on syria is an advantage to iran. iran's hand, i'm told, is in every one of these cities. the demonstrations insana for example don't need coordination. there are a lot of iranian dissidents there that can rally forces. what we can see is the enemy making huge advances to overcome any success these last years in the arab capitals or in tehran for democracy. this is a vast advance, larry, this is not minor, this is not local. >> let me just go. paul wulff wi fwulff wits, is t east melting down? is the arab spring that looked so rosy to everybody turning to a dark arab winter. >> if people thought it was rosy, they were premature to call it a spring and premature to call it a winter. the arab world is in enormous upheaval and it is partly due to decades of stagnation and lack of movement. there are huge problems there. what is really neede
they can see the divide between washington and jerusalem and they're taking advantage of it. that's what the demonstrations will be over these next 24 hours after friday prayers. with regard iran and syria, everything that distracts the focus on syria is an advantage to iran. iran's hand, i'm told, is in every one of these cities. the demonstrations insana for example don't need coordination. there are a lot of iranian dissidents there that can rally forces. what we can see is the enemy making...
231
231
Dec 7, 2012
12/12
by
CNBC
tv
eye 231
favorite 0
quote 0
they are incentivized by an anti-hydrocarbon leadership on the part of the democratic authorities in washington, they will take advantage p take over the states' jurisdiction by setting standards that are beyond what we know today that are not necessary because we know what we know today. and let's be clear. the industry is doing everything it knows how to do to continually make fracking and continually make the whole process, including capturing methane, better for everybody. >> it's an economic miracle if they would just let it happen. it's an economic miracle. many thanks to john. we appreciate it. >>> now, have you all noticed the u.s. and global stock markets are actually rising, in many cases to multi-year highs? we have some key numbers and some forecasts coming up next. the stocks are more optimistic than the experts. twins. i didn't see them coming. i have obligations. cute obligations, but obligations. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large pr
they are incentivized by an anti-hydrocarbon leadership on the part of the democratic authorities in washington, they will take advantage p take over the states' jurisdiction by setting standards that are beyond what we know today that are not necessary because we know what we know today. and let's be clear. the industry is doing everything it knows how to do to continually make fracking and continually make the whole process, including capturing methane, better for everybody. >> it's an...
218
218
May 21, 2012
05/12
by
CNBC
tv
eye 218
favorite 0
quote 0
cnbc's john harwood joining us now live from washington with more. good evening, john. >> good evening, brian. the president wrapped up a weekend of diplomacy where he was dealing with things like the wind-down of the afghanistan war and what to do about the eurozone and that austerity versus growth debate. but his closing news conference today was dominated by the news on bain capital. the president rejected the criticism from the likes of cory booker that you just played and defended his attacks on bain capital, said he would continue talking about that, because they show that the preparation that mitt romney had at bain is simply not adequate for the job as president. >> if your main argument for how to grow the economy is i knew how to make a lot of money for investors, then you're missing what this job is about. it doesn't -- it doesn't mean you weren't good at private equity. my job is to take into account everybody, not just some. >> now mitt romney hit back harder after the president's news conference, said the president had failed to take mo
cnbc's john harwood joining us now live from washington with more. good evening, john. >> good evening, brian. the president wrapped up a weekend of diplomacy where he was dealing with things like the wind-down of the afghanistan war and what to do about the eurozone and that austerity versus growth debate. but his closing news conference today was dominated by the news on bain capital. the president rejected the criticism from the likes of cory booker that you just played and defended...
173
173
Oct 19, 2012
10/12
by
CNBC
tv
eye 173
favorite 0
quote 0
byron york writes in the washington examiner that the campaign is running on empty. a.b. stoddard writes on the hill that obama is now spinning to a loss, just look at the polls. what is your response to that? >> well, i mean, i think president obama's agenda is certainly not as ambitious as it was four years ago because i think he's learned a lesson that the republicans are going to obstruct anything that moves the country forward. we've seen it with them obstructing the jobs act a year and a half ago that would have added more jobs to the economy. we've seen it time and time again. i can understand why he's being a little bit less ambitious. i don't buy the notion that the polls have the president down. i think we have, you know, one or two outliers. but look at the swing states. we all know that this election is going to come down to a couple of different swing states, and the president's -- >> that's everything that's wrong with this campaign, i think. that's everything about -- you know what? let's downsize their ambition. let's not go for big ideas because the repub
byron york writes in the washington examiner that the campaign is running on empty. a.b. stoddard writes on the hill that obama is now spinning to a loss, just look at the polls. what is your response to that? >> well, i mean, i think president obama's agenda is certainly not as ambitious as it was four years ago because i think he's learned a lesson that the republicans are going to obstruct anything that moves the country forward. we've seen it with them obstructing the jobs act a year...